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We were there Summer of 2019 and my wife commented on how "cuteness" of the neighborhood while we were walking. It was off of Congress Ave and just south of the Colorado River (Travis Heights). She thought the houses based on what they looked like were $300K, so we looked them up. All were...

That’s a minority by the data. 65% of Americans hold mortgages. Also, parts of Florida are just as expensive as Cali. Just South of Flyin is very expensive and so is the East Coast (Lauderdale, Miami, Palm Beach, etc). I’m not very familiar with Texas real estate, but have read the...

To some degree, but the last crash hit all of those states. Florida’s market right now seems very similar to the early 2000’s.

You’re in real estate, so you’re a bit biased. That being said, there’s definitely a bubble in real estate and it’s only a matter of time until it pops. The only question is when and will it be a correction or a larger event (something like 07-08).

People with that type of cash aren’t keeping it in banks making nothing. If the stock market keeps dropping, you’ll probably see a corresponding drop in cash offers.

I think “cash” offers are going to slow as well. The market has been taking a dump.

I read about that and scratched my head. I would just remove her personal items and change the locks. She is a trespasser essentially since she never signed a lease for rent and hasn't been there long enough for "squatters" rights.

I think sooner rather than later with interest rates shooting up quickly. It really reduces the buying power for most people.

They're selling quick too! I had two flagged and both are contingent. One was $710K and needed at least $100K of reno. The kitchen was a gut job (soffits, cabinets, flooring, etc.), bathrooms (though they had been updated recently, but they kept the oak trim), flooring, trim, etc. You can...

We've been looking and recently got access to the "private" market on the MLS. There's a lot of boomers that are looking to cash out in this market (I would too). The homes are easy to spot where they are priced at top dollar, but also require $100K+ of work. I've seen a couple of nice...

Correction some people pay cash. I always wondered before why people that why people paid with cash especially with the market roaring and historically low interest rates.

Is the inventory shortage due to cheap money thought? The jump in interest rates really impacts buying power. I’m not betting on a 2008 type crash, but I think we might see a slowing and slight decline in pricing if the interest rates keep jumping.

MJ's house is dated and would require a lot of money to bring it up to the standards of a buyer paying $15M. That's why it's been on the market for a close to a decade. That house in Naperville probably has more money in stone work than the value of our homes. I'm guessing the two buildable...

The husband died and the wife is selling it. I don’t think they will lose millions, but likely they are selling at a lose. It’s a great location for a rich person who wants to live in town.

Still a small town. Even Merrillville is a small town. If that house was out in the Chicago burbs, it would be much more expensive and an easier sell in my opinion.

Location, Location, Location.....No offense but that house is out in the sticks. It's a tough sell.

I wouldn’t say that’s an ugly ass house, but rather it’s being hindered by location. The market probably doesn’t support a house like that in Crown Vic, Indiana.

We have already seen this scenario play out. The banks and housing market collapsed due to this in 2007. There will be another market correction sometime in the near future, especially if the interest rates trickle back up.

Definitely feasible if you serve as the GC assuming the lot is not included in that price.

Looks great Rick! I wish I had built a home from scratch. And let me know when you are having a house warming party. I want to test you plumbing out.